Tolexo, online marketplace for business goods and supplies, has recently added another service to its online platform for India’s SME merchants to buy online. It now offers buying on credit to its growing business buyer base.
The move aims to further improve the customer experience for Tolexo’s buyers by providing them with an offline-like credit purchase experience combined with one-of-a-kind services such as, one-click checkout, documentation-free credit and post-delivery payment options. The partnership is in line with Tolexo’s overarching aim of making the
B2B e-commerce experience as convenient and sustainable for India’s growing SME businesses as possible.
Tolexo aims to generate an experience similar to offline shopping through the use of credit-based buying. SME buyers will be given 100% interest free credit period ranging from 7-23 days to make payments, which is in line with how offline B2B trade is executed. By emulating the traditional ways of doing business, Tolexo aims to further enhance the propensity of India’s B2B players to leverage the benefits of technology and online commerce by enabling an experience similar to offline transactions.
Speaking on this, Brijesh Agrawal, Founder & CEO, Tolexo said, “Our new offering is in line with Tolexo’s on-going innovations towards making the B2B e-commerce ecosystem as sustainable and lucrative as possible for all stakeholders. The unique payment solution will also facilitate the buyers by featuring a simple, one-click checkout and offering aggregated payment options to club their multiple purchases and make a single payment. This is extremely important for frequent buyers whose propensity to purchase increases with such convenient modes of transaction.”
To launch the credit-buying opportunity, Tolexo has tied up with credit facilitator Arthashastra FinTech. The company combines alternate and traditional data to provide real time sanctioning and disbursal of credit by performing quick assessment of the credit worthiness of individuals and businesses and that too in the least intrusive way.
Akshat Saxena, Co-founder, Arthashastra FinTech, the makers of ePayLater, said, ““We all know how significant and game-changing role Tolexo has and continues to play for the future of B2B e-commerce in the country and we are privileged to be a part of the journey. We are happy that we have been able to provide a solution to the online B2B buyers of Tolexo, which satisfies a hitherto unmet demand for credit-based buying opportunities online. We do this through our unmatched fraud and credit assessment technology.”